A person looks at a screen and electronic ticker board show outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Live: Sensex, Nifty Decline; CSB Bank Down 7%
Buzzing Stock: CSB Bank
- Second worst performer on the Nifty Smallcap index
- Declines as much as 9.7% to Rs 212
- Biggest single-day fall in five months
- Snaps four-day losing streak
- Today's volumes are 37% higher than its 20-day average
- Had gained 10% in the last four trading sessions
- Trades 30% below its 52-week high of Rs 313 and more than 130% higher than its 52-week low of Rs 95.6 on March 25, 2020
- Return potential of the stock as per Bloomberg data is 16.4%
Earnings Reaction: Wockhardt Q1FY21
- Revenue down 18% to Rs 598 crore
- Net profit of Rs 760 crore from net loss of Rs 55 crore
- Ebitda loss of Rs 72 crore from Ebitda gain of Rs 1 crore
- Exceptional gain of Rs 1,470 crore from sale of branded generics business to Dr Reddy's
- Emerging Markets business revenue flat at Rs 139 crore. EM business contributed 21% of global revenue.
- U.S. business revenue down 39% to Rs 114 crore and contributed 17% of global revenue.
- U.K. business revenue down 3% to Rs 218 crore and contributed 33% to global revenue.
- India business revenue down 48% to Rs 116 crore and contributed 18% of global revenue.
- Net debt-equity as on June 30, stood at 0.31
- All numbers compared on a year-on-year basis
Shares fell as much as 5.1% to Rs 312.55, the biggest single-day fall in five months.
Markets At Noon
- Benchmark indices see volatile moves
- Nifty down 0.8% at 11,558
- Sensex down 0.6% at 39,219
- Nifty Bank down 1.9% at 24,059
- Nifty Midcap index down 2.1%
- Nifty Smallcap index down 3.7%
- India Volatility Index up 16.7% - the most since May to 21.42.
- Nifty Media extends losses as the top sectoral laggard; down 4.4%
- Nifty Pharma, Nifty PSU Bank, Nifty Metal decline over 2% each
- Nifty Auto down 1.8%
- ONGC remains the top Nifty gainer; up 2.4%
- IndusInd Bank is the top Nifty laggard; down 5%
- 38 out of the 50 Nifty constituents are declining
Buzzing Stock: Adani Gas
- Worst performer on the Nifty Midcap index
- Declines as much as 9.8% to Rs 168.3
- Biggest single-day decline in over five months
- Has declined only twice in the last six trading sessions
- Trading volumes are at par with the stock's 20-day average
- Nearing its 50-Day Moving Average at 159.3
- Down 16% from its 52-week high of Rs 196.5 on August 26, 2020
- Both analysts tracking the stock have a buy recommendation
- Return potential of the stock as per Bloomberg data is 9.9%